Florida
Belara Lakes Acquired for $22M
Federal Capital Partners (FCP), headquartered in Chevy Chase, MD, acquired the 324-unit Belara Lakes Apartments in Tampa, FL for $22.4… Read more
Corporate Center Trades for $30M
Two New York entities struck a deal to trade the 113,365-square-foot Corporate Center at the Gardens in Palm Beach Gardens,… Read more
Bluerock Pays $54M for FL Multifamily
Bluerock Residential Growth REIT Inc., headquartered in New York City, acquired the 340-unit Alexan Henderson Beach Apartments from Trammell Crow… Read more
Condo/MF Mix Under Contract for $82M
Owens Realty Corp. has signed an agreement with Interwest Capital Corp. to sell Treasures on the Bay (TOTB) for $82… Read more
Courvoisier Centre Obtains $106M Loan
Parkway Properties Inc. has obtained a $106.5 million loan for recapitalization of Courvoisier Centre in Miami. The 343,000-square-foot, two-building, Class… Read more
Wynwood Property Sells for $22M
A 49,000-square-foot lot containing a 26,764-square-foot building has sold to Miami Beach investor Sam Herzberg for $22 million. Wynwood Propco… Read more
Regency Moves Forward with $230M UTC Redev
Jacksonville, Fla.-based Regency Centers Corp. is seeking to move forward on a $230-million expansion and redevelopment of Costa Verde Center… Read more
WaterWalk Targets TX, CO for Development
Wichita, KS-based WaterWalk Hotel Apartments, a model that expands mostly through franchising, has signed a $150 million agreement with Rockford… Read more
Generation Income Starts $20M Capital Raise
The Securities and Exchange Commission (SEC) has approved the sale of shares by Generation Income Properties Inc., through its Regulation… Read more
Partnership Addresses CRE’s Lack of Diversity
Florida A&M University (FAMU) has joined forces with Front Street Commercial Real Estate of Gainesville, FL, to help create minority… Read more
HEI Sells Embassy Suites Orlando for $26M
HEI Hotels & Resorts, headquartered in Connecticut, has sold the 167-room Embassy Suites Orlando-Downtown. Paradise America, a foreign buyer, paid… Read more
Construction Launched on $1.7B Miami Worldcenter
Coastal/Tishman, a joint venture between Coastal Construction of Miami and New York-based Tishman Construction, has started development on Miami Worldcenter. Upon… Read more
Checkers, Rally’s Set to Make Bay Area Debut
Checkers and Rally’s is scouring the East Bay for up to 40 locations, as the Tampa, Fla.-based burger chain seeks… Read more
Starwood Capital Obtains $1.4B in Financing
Starwood Capital Group, based in Greenwich, CT, has obtained $1.4 billion in Freddie Mac acquisition financing, with help from Irvine,… Read more
Priderock Pays $42M for Jupiter Multifamily
Priderock Capital Partners of West Palm Beach has reportedly paid Eastwind Development $42 million for Dakota at Abacoa. The 190-unit… Read more
$73M Loan Launches Doral, FL Construction
The Encore Opportunity Fund and Congress Group have secured $73 million in construction financing. The loan has allowed the joint… Read more
Money360 Shares Takeaways from MBA CREF
Connect Media asked Money360’s Gary Bechtel to share insights from the MBA’s CREF/Multifamily Housing Convention & Expo he attended this… Read more
Redfearn, Hampshire Pay $77M for Publix-Anchored Center
Redfearn Capital, based in Delray Beach, FL has joined forces with Hampshire Real Estate Cos. of New Jersey, to acquire… Read more